In debt up to 22 million euros, the far -right party will make a new loan from its supporters to keep up to the payment of its public funding, in the summer of 2023.
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It is still not abundance in the boxes of the National Rally (RN). Despite the election of 89 deputies in June, the far -right party is forced to make a new loan from its supporters, pending the payment of public aid corresponding to its score in the legislative elections, which should intervene the next summer. As RTL and Le Parisien revealed on Wednesday, September 14, the training led by Marine Le Pen will revive a campaign for a “great national loan” in the coming weeks.
The party, in debt up to 22 million euros, frequently uses this method to finance its electoral campaigns, failing to obtain loans from French banks. This call for loans is now permanent, in the form of a website on which the acting president of the party, Jordan Bardella, praises an “advantageous placement” allowing to “defend (his) ideas”. The loans, with a minimum amount of 500 euros and reimbursed, at the choice of the lender, after one to three years, are paid up to 5 %. The latest campaigns, in 2019 and 2020, had made it possible to bring back several million euros – some six million euros for the one upstream of Europeans, according to the RN. 2> ten million euros per year from 2023
The party has been in debt for years, especially because of its difficulty in electing deputies and senators. The number of parliamentarians is one of the two elements that determine the amount of public aid awarded by the State, each year during the period of the legislature, between political parties. Due to its entry into force in the National Assembly, the RN will now receive just over 10 million euros per year, double what it previously received. But not immediately.
“Usually, the subsidy is paid in February or March, but in post-electoral year, it is rather June or July, time for the State to lock the appeals and to validate the results of the elections “, justifies Kevin Pfeffer, party treasurer and elected deputy of Moselle. The party is missing a modest sum to hold until the transfer of the State, less than three million euros, according to Mr. Pfeffer.
For this, the party will relaunch its 1,500 lenders and try to convince new ones. “We will explain to them that the prospects are very good but that for a few months, we have cash problems, continues the treasurer. Any bank would agree to make a relay loan, but it is unfortunately not possible for us. “In recent years, Marine Le Pen has notably used a Russian bank in 2014; at the micropart of his father Jean-Marie Le Pen in 2017; and a Hungarian bank in 2022. Each new funding is celebrated as a victory and the opportunity to portray itself as a victim of the system; Especially since the government of Emmanuel Macron has given up, in 2018, to create a “bank of democracy”.
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